After Paying Zero Income Taxes, GE Plans To Ask Its Union Workers To Make Wage And Benefits Concessions
Greedy fucks. Not only did they pay zero taxes, they squirreled away the profits they made:
Corporate profits steadily increased last year as companies continued holding onto record amounts of cash and other liquid assets while cutting costs, laying off workers and wringing more productivity — defined as the amount of output that comes from an hour of work — from remaining staff, even as the recession eased… it’s important to note that companies were able to bring production back up to pre-recession levels without hiring any more workers.
Don’t forget it’s the Republican-Teaparty who support these corporations and their enormous tax breaks, and who fought to continue Bush’s tax cuts for the wealthy CEOs who would never think of denying themselves their multi-million dollar bonuses.